American Airlines, JetBlue End Partnership Agreement

American Airlines, JetBlue End Partnership Agreement
skeeze / Pixabay

American Airlines Group Inc (NASDAQ:AAL) and JetBlue Airways Corporation (NASDAQ:JBLU) ended a partnership agreement that allowed passengers to purchase connections from each other’s carrier.

Play Quizzes 4

Based on the statement of the American Airlines Group Inc (NASDAQ:AAL), its customers will no longer earn miles or points when travelling on eligible routes operated by JetBlue Airways Corporation (NASDAQ:JBLU) and vice versa effective April 1.

Growing Up In The Fund Management Business: This PM’s First Stock Was A Value Stock

Invest ESG Leon CoopermanWhen portfolio managers get started in the business, their investing style often changes over the years. However, when Will Nasgovitz bought his first stock when he was 12, he was already zeroing in on value investing, and he didn't even know it. Nasgovitz has been with mutual fund manager Heartland Advisors for almost 20 years, Read More

“All American AAdvantage miles or JetBlue TrueBlue points already accrued through this partnership will be credited to customers’ accounts and are not affected,” according to the statement. The two the airlines are working together to make sure that the change will have little impact on travelers.

American Airlines’s February traffic results

In separate announcement, American Airlines Group Inc (NASDAQ:AAL) announced that its total revenue passenger miles (RPMs) increased 0.5% to $15.1 billion in February.

According to the airline’s operators, its total capacity available seat miles (ASMs) increased 0.8% to 19.2 billion and its total passenger load factor was 78.4% for the month.

Flight cancellations

American Airlines Group Inc (NASDAQ:AAL) said severe weather conditions significantly affected its operations in Charlotte, Chicago, Dallas/Fort Worth, New York, Philadelphia, and Washington D.C. in February. During the month, the airlines operator cancelled 14,000 flights, an increase of 149% compared last year.

During the first two months of 2014, American Airlines Group Inc (NASDAQ:AAL) cancelled around 28,000 flights, up by 164%.

The company expects to deliver strong unit revenue despite the weather-related challenges, and estimated that its 2014 PRASM for the first quarter will be approximately around 2% to 4% compared in the previous quarter a year earlier.

American Airlines Group Inc (NASDAQ:AAL) is the holding company for American Airlines and US Airways. The American Airlines AAdvantage and US Airways Dividend Miles Programs allow its members to earn and redeem miles for travel and everyday purchases. Members can also use their points to upgrade flights, vacation packages, car rentals, hotel accommodation, and other retail products.

Updated on

Marie received her Bachelors Degree in Mass Communication from New Era University. She is a former news writer and program producer for Nation Broadcasting Corporation (NBC-DZAR 1026), a nationwide AM radio station. She was also involved in events management. Marie was also a former Young Ambassador of Goodwill during the 26th Ship for Southeast Asian Youth Program (SSEAYP). She loves to read, travel and take photographs. She considers gardening a therapy.
Previous article Exactly how much does it cost to produce an ounce of gold?
Next article Dips as Investors Cash In

No posts to display